Revenue during the quarter grew 9.90 percent to $148.37 million from $135 million in the previous year period. Net interest income for the quarter rose 23.54 percent over the prior year period to $105.80 million. Non-interest income for the quarter fell 13.21 percent over the last year period to $42.92 million.

Old National Bancorp has made provision of $0.35 million for loan losses during the quarter, up 281.32 percent from $0.09 million in the same period last year.

Net interest margin contracted 2 basis points to 3.50 percent in the quarter from 3.52 percent in the last year period. Efficiency ratio for the quarter improved to 64.66 percent from 68.76 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

“With a 33% year-over-year increase in net income, strong commercial loan growth and well-controlled expenses, this was a strong 1st quarter for Old National and our stakeholders,” said Old National chairman and chief executive officer Bob Jones. “This performance demonstrates our continued focus on execution and our commitment to driving shareholder value."

Deposits stood at $10,821.35 million as on Mar. 31, 2017, up 25.99 percent compared with $8,588.90 million on Mar. 31, 2016.

Noninterest-bearing deposit liabilities were $3,024.11 million or 27.95 percent of total deposits on Mar. 31, 2017, compared with $2,491.77 million or 29.01 percent of total deposits on Mar. 31, 2016.

Investments stood at $3,670.98 million as on Mar. 31, 2017, up 11 percent or $363.67 million from year-ago. Shareholders equity was at $1,846.36 million as on Mar. 31, 2017.

Return on average assets moved up 7 basis points to 0.98 percent in the quarter from 0.91 percent in the last year period. At the same time, return on average equity increased 71 basis points to 7.89 percent in the quarter from 7.18 percent in the last year period.